The Weekly Trend

 In this week's episode, David and Ian discuss the continued chop fest, how the Magnificent Seven is a red flag, although at the same time Financials and Transportation stocks look good, which aids the bullish thesis that this consolidation resolves in the direction of the primary trend. They also discuss if the mega cap tech and Magnificent Seven era is over, what is going on with Consumer Staples, Utilities, and is it interest rate or inflation driven. Other topics discussed are tangible assets, the U.S. Dollar, the SpaceX IPO, and the next generation of market technicians. 

 In this week's episode, David and Ian discuss the S&P 500 continuing to be rangebound, some of the potential concerns with price action of the Nasdaq, margin calls in South Korea, areas of the market holding up well and trying to go out to all time highs. They also discuss which commodities are doing well, especially with the strong U.S. Dollar, international leaders year-to-date, long-term treasuries and interest rates.  

In this week's episode, David and Ian discuss the current consolidation, what they are seeing out of financials, specifically banks, European financials, industrials, small cap areas of the market, like biotech, and improved breadth. 

 In this week's episode, David and Ian discuss the the recent rise in the U.S. Dollar and how that is interesting when paired with Emerging Markets and Small Caps outperformance. They also discuss the current range the S&P 500 has been in since May, the failed breakout in long-term interest rates, market breadth, and thinking in terms of percentages rather than nominal dollar values. 

 In this week's episode, David and Ian discuss the SpaceX IPO taking place today, how the different indices are treating SpaceX, areas of the market that are trying to breakout to new all-time highs, the recent price action for banks and the U.S. Dollar. They also discuss what they would like to see out of the consumer discretionary sector, how transports are still strong, and the World Cup kicking off this week.  

 In this week's episode, Ian and Kevin discuss the SpaceX IPO and treatment from major indices and the tough week for cryptocurrencies and commodities. They also discuss the lackluster market breadth and the continued thin market and the strong move from the U.S. Dollar.  

 In this week's episode, David Zarling, Ian McMillan, and Kevin Firari discuss Nvidia performance versus Semiconductors and the broad market as a whole, areas of the market that are underperforming, equal weight S&P 500 (RSP) out to all time highs, recent AAII survey results, interesting names within the Nasdaq that are performing well, fixed income, and potential rate hikes. 

In Episode 299, David Zarling and Ian McMillan break down a market that remains heavily driven by semiconductors, with tech and energy the only sectors above their relative 200-day lines versus the S&P 500. They discuss the dominance of AI-related leadership, emerging markets’ semiconductor exposure, Apple’s relative strength, and whether software could benefit from a rotation if AI enthusiasm broadens. The conversation also weighs growing warning signs beneath the surface, including weak breadth, rising rates, struggling financials and homebuilders, and the possibility that the market is either setting up for rotation or becoming increasingly vulnerable after a narrow advance.

 In this week's episode David and Ian discuss the areas of the market at all time highs, including the Magnificent Seven, and how bullish it is for market participants being willing to buy at all time highs. They also discuss international areas that continue to perform well, whether we are witnessing a similar period to the dot com bubble of the late 90's and early 2000's, along with other macroeconomic narratives that are at play, and how the narratives truly don't matter at the end of the day.  

 In this week's episode David and Kevin discuss the areas of the market going out to all-time highs, the return profile if you buy at all time highs, and the continued effect semiconductors, storage, and electronic components is having across multiple industries and sectors. They also discuss the areas of international equities that are performing well, how international performance is also tilted towards semiconductor exposure, the Magnificent Seven, bearish sentiment continuing, market breadth, and is the divergence between equity indices and risk-on areas a fixed income.